Aurora Mobile Limited

Ladies and gentlemen, thank you for standing by and welcome to the Aurora Mobile third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you would need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. And to withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your host today, Rene Van Gussien. Please go ahead, sir.

Thank you, Michelle. Hello, everyone, and thank you for joining us today. Aurora Mobile's earnings release was distributed earlier today and is available on the IR website at ir.gguang.cn. On the call today are Mr. Wei-Dong Luo, Chairman and Chief Executive Officer, Mr. Shan-Nan Bong, Chief Financial Officer, and Mr. Guan Yan Chen, General Manager. Following their prepared remarks, they will be available to answer your questions during the Q&A session that follows. Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations and current market and operating conditions, which are difficult to predict and may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties and or factors are included in the company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation to update any forward-looking statement as a result of new information future events or otherwise, except as required under applicable law. With that, I would now like to turn the conference over to Mr. Luo. Please go ahead.

Thank you, Sirene. Greetings to all. Welcome to AromaBus 2025 first quarter earnings call. Before I comment on our Q3 results, I would like to remind everyone that the quarterly earnings debt is available on our IR website. You may refer to the debt as we proceed with the quarter date. Without further ado, let's get started. As we did in the past, based on the Q3 earnings numbers, the suitable description I will give to the first quarter result is good things come in pairs. Because we record the first ever back-to-back quarterly net gap profit in our history, following the mundane net gap profit last quarter, our strong business performance carried us across the line again in Q3. Let me elaborate more on the strong business we have had in this quarter. Firstly, the group's revenue this quarter of remain be 19.9 million. achieving a remarkable 15% year-for-year and 1% sequential growth. This will be 19.9 million was at a very high end of the guidance we have provided. Secondly, our global flagship product, Engagelab, continued its great momentum with another quarter of great numbers. Engagelab recorded very strong quarterly growth in customer number and contract value growth. In particular, Engaged Apps ARR for September 2025 stood strong and reached a new milestone at RMB $53.7 million. It has grown by 160% year-over-year. Thirdly, our financial risk management business had its best quarter yet, recording highest quarterly revenue of RMB $22.6 million with growth of 33% year-over-year. Gross profit exceeded our expectation and grew strongly by 20% year-over-year while achieving the highest gross profit for the past 15 quarters. Gross margin has also improved year-over-year and quarter-of-quarter. Last but not least, having all the great numbers above is great. It's equally important that we are generating positive cash flow and in great cash position. Indeed we are. The net operating cash inflow of Renminbi, 23.3 million, record the highest level since Q4 of 2020. It is very humbling for me to share with you all on yet another stellar quarterly financial results. As I mentioned in the pre-earnings call, achieving historical gap net profit was not easy. For us to have back-to-back gap net profit is simply a great achievement for AruMobile. To achieve that, all the processes in the organization work really well for the entire full quarter of 2025. Our hard work and commitment to AruMobile will not stop here. There are more we need to achieve together, and we will. Short of giving our promise on this call, I truly hope for all the team's dedication on execution on our group strategy and going forward. Now, let me share more on the individual business performance. Our total Q3 group revenue has grown both year-over-year and quarter-over-quarter. In particular, revenue grew 1.5% year-over-year driven by strong numbers from developer services and financial risk management basis. Again, in this quarter, OBC's segment, many developers' subscription services, value-added services, and vertical applications record solid acceleration with double-digital year-over-year revenue growth. This is the second consecutive quarter we have such a strong revenue growth momentum. Developers' services revenue, which consists of subscription services and value-added services, increased by a strong 12% growth year-over-year and flat quarter-of-quarter. Subscription revenue has solid revenue numbers where it increased by 11% year-over-year and increased 7% quarter-over-quarter. Value-added services revenue grew by an impressive 22% year-over-year but decreased 34% quarter-over-quarter. Our core business developed subscription services with revenue of maybe 57.3 million, recorded growth of 11% year-over-year and 7% quarter-over-quarter. The year-for-year revenue growth was mainly driven by increase in both customer numbers and ARPU. Subscription revenue record the fifth consecutive quarter of revenue be 50 million plus revenue and reached its highest level in history in this quarter. Next, let me share more on our global flagship product and get you that. which continues its excellent growth acceleration part of quarter after quarter since its introduction. Firstly, EngageLabs ARR has reached a new and important milestone of maybe 53.7 million marked in September 2025. This 160% year-over-year ARR growth was just impressive. Secondly, we have another very strong quarter for EngageNet, where the cumulative contract value we have signed amounts to RMB 128 million by the end of Q3 of 2025. In Q3 alone, we signed up more than RMB 1.5 million worth of new contracts. This is just outstanding. We do expect this revenue growth momentum to continue for the next 24 months. Further, global customers from all corners of the world continue to purchase our products and services. The customer number has increased by 156% year-over-year, reaching 1,300 in total. This was driven by the continued progress we are making for our global go-to-market effort. Firstly, our engagement products and services are now sold to customers in more than 52 different countries and regions globally. This is a great testament that our global flagship product, Engagelet, is indeed a globally accepted product from customers originating from all four corners of the world. Our global flagship product, Engagelet, has a very unique and different position in the market. We have been taking market share from competitors in all of the overseas markets we operate in. This is evident from the growth rate of Engagelet we have seen today. From the market intelligence we have gathered, it shows that the demand for our Engagelab products and services remains strong. With this great result delivered by Engagelab, it once again reinforced my strong belief that this global, fresh product is the toast bell as far as revenue growth is concerned for us in the next 12 months, or 24 months. Within subscription revenue, Some of the notable wins in the quarter include, but not limited to, Deep Seek, Shanghai Disneyland, BYD, and China Eastern Airlines, just to name a few. Value added services revenue will remain be 7.1 million, increased by 22% year-over-year, but decreased by 34% quarter-of-quarter. The solid revenue year-over-year growth was mainly due to the increase in new advertisers acquired between the years. the absence of traditional quarter online shopping face-to-face results in the negative revenue growth sequentially. Now, let me pass the call over to Shen Ye, who will share more about the medical application and other aspects of our financial performance for this quarter.